For Immediate Release
Chicago, IL – February 09, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Verizon Communications Inc. (NYSE: (VZ - Free Report) – Free Report ), AT&T Inc. (NYSE: (T - Free Report) – Free Report ), T-Mobile US Inc. (NASDAQ: (TMUS - Free Report) – Free Report ) and Vodafone Group plc. (NASDAQ: (VOD - Free Report) – Free Report ).
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Here are highlights from Wednesday’s Analyst Blog:
Global IoT Prospects Bright, Investors Pour in Billions
Internet of Things (IoT), which enables any physical electronic device with a valid IP-address to transfer data seamlessly over a wireless network, is the latest in the line of service and business models that is quickly gaining market traction. According to a recent report by research firm Gartner, worldwide spending on endpoints and services of connected objects is expected to reach nearly $2 trillion in 2017 from $737 billion in 2016.
There will be about 8.4 billion connected objects (IoT objects) in use globally by the end of this year, a rise of 31% from the year before. This figure is likely to reach around 20.4 million by 2020. Notably, North America, Western Europe and Greater China region will dominate 67% of total globally IoT installed bases in 2017.
Next-generation superfast wireless networks (4G LTE, LTE-A, upcoming 5G) will provide the primary impetus to the telecom industry. In this context, IoT has the potential to be the number one factor driving future growth in this space. IoT is a network of physical objects embedded with electronics, software, sensors and connectivity that enables it to achieve greater value and service by exchanging data with other connected devices.
As per a Gartner report, Businesses will represent 57% of total IoT spending this year to $964 billion. Consumer applications will amount to $725 billion in 2017. The research firm has estimated that hardware spending from both segments will reach almost $3 trillion by 2020.
At present, the deployment of innovative connectivity platforms to deliver seamless, fully integrated mobile communication with global networking has become crucial to the success of wireless service providers. Massive growth of 4G LTE (Long-Term Evolution) and LTE-A (Advanced) networks across the globe will lead to a smooth transition from 4G to the upcoming 5G network standard. Superfast 5G mobile networks will be of utmost importance for the efficient management of the exponential IoT growth.
U.S. telecom behemoths like Verizon Communications Inc. (NYSE: (VZ - Free Report) – Free Report ) and AT&T Inc. (NYSE: (T - Free Report) – Free Report ), U.S. national wireless carrier T-Mobile US Inc. (NASDAQ: (TMUS - Free Report) – Free Report ) and UK-based global telecom operator Vodafone Group plc. (NASDAQ: (VOD - Free Report) – Free Report ) are well poised to benefit from the IoT boom. Except Vodafone, All three stocks mentioned above currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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